Frog Innovations Ltd

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Frog Innovations Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
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Frog Innovations Ltd

₹ 232 1.71%
23 Oct 3:31 p.m.
frogcellsat.com NSE - SME: FROG
About

Incorporated in 2004, Frog Cellsat
Ltd manufactures in-building coverage solutions and mobile network accessories for mobile service providers and operators. It also provides installations, repair and maintenance services[1]

Key Points

Business Overview:[1]
FSL is certified by ISO and National Security Council, for design, manufacture, installation and supply of Telecom Equipment to Indian Mobile Operators. It manufactures RF equipments in India and provides wireless coverage enhancement solutions for 2G /3G /4G /5G.

Website NSE - SM
  • Market Cap ₹ 361 Cr.
  • Current Price ₹ 232
  • High / Low ₹ 305 / 124
  • Stock P/E
  • Book Value ₹ 99.9
  • Dividend Yield 0.00 %
  • ROCE -3.53 %
  • ROE -2.11 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.24% over past five years.
  • Company has a low return on equity of 7.88% over last 3 years.
  • Debtor days have increased from 115 to 142 days.
  • Working capital days have increased from 158 days to 236 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Telecommunication Telecommunication Telecom - Equipment & Accessories Telecom - Equipment & Accessories

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Half Yearly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Sep 2023 Sep 2024 Mar 2025 Sep 2025 Mar 2026
65.80 68.55 79.72 139.63 46.91 39.93
55.46 59.86 73.43 110.81 47.20 43.54
Operating Profit 10.34 8.69 6.29 28.82 -0.29 -3.61
OPM % 15.71% 12.68% 7.89% 20.64% -0.62% -9.04%
0.41 0.60 2.76 0.07 2.55 0.04
Interest 0.54 0.02 0.12 0.85 0.54 0.00
Depreciation 0.70 1.24 2.34 1.93 2.39 2.78
Profit before tax 9.51 8.03 6.59 26.11 -0.67 -6.35
Tax % 29.34% 29.27% 22.15% 29.45% 183.58% -72.13%
6.71 5.68 5.13 18.42 -1.91 -1.77
EPS in Rs 5.94 3.69 3.31 11.86 -1.23 -1.14
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
65.24 84.12 86.90 88.54 60.49 87.02 119.86 132.93 135.19 157.68 219.35 86.84
49.19 68.10 75.88 83.86 64.47 81.88 109.32 113.74 110.47 137.91 183.93 90.75
Operating Profit 16.05 16.02 11.02 4.68 -3.98 5.14 10.54 19.19 24.72 19.77 35.42 -3.91
OPM % 24.60% 19.04% 12.68% 5.29% -6.58% 5.91% 8.79% 14.44% 18.29% 12.54% 16.15% -4.50%
0.02 0.42 1.46 2.23 1.24 2.05 1.79 2.58 -1.38 3.14 2.81 2.60
Interest 0.47 0.69 0.66 1.62 2.33 2.15 1.16 0.53 0.71 0.47 1.27 0.54
Depreciation 1.53 2.20 2.03 2.06 3.38 2.95 1.77 1.36 1.58 3.10 4.27 5.17
Profit before tax 14.07 13.55 9.79 3.23 -8.45 2.09 9.40 19.88 21.05 19.34 32.69 -7.02
Tax % 16.06% 33.36% 20.84% 6.19% -18.82% 54.07% 29.79% 29.78% 26.51% 21.87% 27.96% -47.72%
11.81 9.02 7.75 3.03 -6.86 0.97 6.61 13.96 15.46 15.11 23.56 -3.67
EPS in Rs 10.45 7.98 6.86 2.68 -6.07 0.86 5.85 12.35 10.06 9.79 15.17 -2.36
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 0%
5 Years: -6%
3 Years: -14%
TTM: -60%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -114%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 2%
1 Year: 8%
Return on Equity
10 Years: 10%
5 Years: 11%
3 Years: 8%
Last Year: -2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.05 0.05 0.05 0.05 0.05 0.05 0.05 0.05 15.38 15.44 15.53 15.55
Reserves 31.25 40.27 48.07 51.05 44.19 45.16 51.77 60.73 100.09 116.26 142.93 139.84
10.19 12.24 13.20 25.82 20.99 17.60 3.75 6.08 0.00 4.69 20.20 12.86
13.29 13.91 8.82 9.61 9.16 25.61 27.67 23.09 23.09 23.77 46.21 21.56
Total Liabilities 54.78 66.47 70.14 86.53 74.39 88.42 83.24 89.95 138.56 160.16 224.87 189.81
9.49 9.03 8.74 9.10 11.71 9.32 5.28 6.21 8.13 76.27 79.84 86.74
CWIP 0.00 0.00 0.00 2.30 0.00 0.00 0.00 7.05 35.89 0.00 0.00 3.48
Investments 0.00 0.00 1.50 10.18 10.18 10.74 11.87 10.19 0.11 0.39 0.89 1.03
45.29 57.44 59.90 64.95 52.50 68.36 66.09 66.50 94.43 83.50 144.14 98.56
Total Assets 54.78 66.47 70.14 86.53 74.39 88.42 83.24 89.95 138.56 160.16 224.87 189.81

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1.65 6.29 0.92 -3.15 8.89 2.36 7.12 6.90 -2.40 22.88
-7.51 -1.42 -1.29 0.35 -0.45 -7.44 -26.07 -30.18 -7.38 -16.18
5.31 1.36 0.13 -4.24 -7.62 -3.06 34.88 4.35 14.87 -7.75
Net Cash Flow -0.55 6.23 -0.24 -7.04 0.82 -8.14 15.93 -18.93 5.09 -1.04
Free Cash Flow -5.88 4.55 -0.87 -7.45 8.34 -7.02 -25.25 -26.11 -13.36 7.38
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 20% 56% 31% 49% 199% 24% 52% 61% 9% -693%

Ratios

Standalone / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 122.80 82.05 119.24 69.96 76.45 90.01 81.34 53.93 75.19 71.34 131.59 141.69
Inventory Days 182.68 174.57 108.46 117.68 179.35 169.60 75.52 128.01 156.02 125.81 117.56 267.12
Days Payable 120.32 89.84 36.32 38.81 36.79 134.68 111.59 70.55 61.25 37.61 89.80 68.63
Cash Conversion Cycle 185.17 166.78 191.39 148.83 219.01 124.94 45.26 111.38 169.96 159.54 159.35 340.18
Working Capital Days 140.65 137.89 163.47 69.79 89.18 77.18 57.62 92.97 120.15 120.81 118.64 235.54
ROCE % 44.85% 30.28% 18.42% 7.02% -8.68% 6.73% 18.74% 33.13% 26.68% 13.87% 21.56% -3.53%

Insights

In beta
Mar 2023 Mar 2024 Mar 2025 Mar 2026
Manufacturing Facility Area
sq. ft.

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Number of Products
count
Order Book
₹ Million
Revenue Share: In-Building Coverage Solutions
%
Revenue Share: Mobile Network Accessories
%
Revenue Share: Services / I&C
%
Cumulative Major DAS Airport Projects
count
Number of Permanent Employees
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2022Oct 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026Sep 2026
99.99% 73.49% 74.39% 74.39% 74.10% 72.71% 72.66% 72.54% 72.54% 72.54%
0.00% 2.22% 0.00% 0.00% 0.00% 0.01% 0.29% 0.20% 0.20% 0.20%
0.00% 0.76% 1.75% 1.87% 0.00% 0.00% 0.00% 0.12% 0.55% 0.00%
0.01% 23.53% 23.86% 23.74% 25.90% 27.28% 27.05% 27.14% 26.71% 27.26%
No. of Shareholders 81,4101,1351,7342,4933,7263,7303,3153,0842,857

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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